Federal Realty's Series C Preferred Trades 25% Below Par as Common Stock Nears 52-Week High
Federal Realty's Series C preferred (FRT-P-C) trades near $18.75, a 25% discount to its $25 par value, while common shares sit near 52-week highs…
Discounts to par, call dates, current yields and redemptions across bank, REIT and convertible preferred shares.
Federal Realty's Series C preferred (FRT-P-C) trades near $18.75, a 25% discount to its $25 par value, while common shares sit near 52-week highs…
Agree Realty's Series A preferred stock trades near $16, a 36% discount to its $25 par value, more than double the average discount across 121…
Hudson Pacific Properties' 4.75% Series C preferred is trading near $14.32, a 42.7% discount to its $25 par value that is far wider than its peer category's 15.5% average discount, with an 8.29% current yield.
EIDP Inc's 3.5% Series A perpetual preferred, issued in 1947, trades near $52.73, about 47% below its $100 par value, as its fixed coupon lags…
A yield screen of preferred stocks and baby bonds shows double-digit current yields led by Hyperscale Data and Ready Capital, with many issues…
Capital One has left five preferred stock series (I, J, K, L and N) uncalled well past their redemption dates, with all five now trading 30-40% below…
TPG RE Finance Trust's 6.25% Series C preferred trades roughly 25% below its $25 par value despite passing its call date, a gap that highlights how…
Cullen/Frost Bankers' 4.45% Series B non-cumulative preferred has traded roughly 35% below its $25 par value even after passing its December 2025…
Cedar Realty Trust's 7.25% Series B preferred trades near $16, a 35% discount to its $25 par value, despite being callable since 2017. The gap…
Brookfield Renewable's Series A preferred trades near $16.86, a 32.6% discount to its $25 par value, despite being callable since March 2025, a gap…
Braemar Hotels & Resorts' 5.5% Series B convertible preferred trades 43.7% below its $25 par value, a discount far exceeding peer averages, while its…
Alta Equipment Group's 10% Series A preferred stock trades at a premium to par with a 9.73% current yield, while the company's common shares sit well…
TDS' 6.625% Series UU preferred (TDS'U) trades at $21.03, a 15.9% discount to its $25 par value, even though the security has been callable since…
Synchrony Financial's SYF'A preferred trades at $18.38, a 26.5% discount to its $25 par value, despite being callable since November 2024. The gap highlights how non-cumulative preferreds can diverge from redemption value when issuers…
ZIONP, a Zions Bancorporation preferred stock callable since 2011, continues trading near $17.70, about 29% below its $25 par value, with a…
Oxford Lane Capital's 8.25% OXLCM preferred traded near par on the day the BDC announced a partial redemption of its 5.00% notes due 2027…
Arbor Realty Trust's Series D/E/F preferred stock trades roughly 38% below liquidation value with yields above 10%, a steeper discount than peer REIT…
EIDP Inc's 3.5% and 4.5% preferred shares, issued in 1947, still trade today at steep discounts to $100 par value with no confirmed redemption date…
US Bancorp's Series A preferred (USB-P-A), callable since 2011, trades near $764 against a $1,000 par value, with its floating-rate coupon still…
DigitalBridge's three legacy preferred series trade at deep discounts to par with yields above 11.5%, even as the pending SoftBank acquisition…
Costamare's Series B, C and D preferred stocks trade above par even though each has been callable for years, an unusual pattern in a market where redemption risk typically pressures such issues toward discounts.
Live Oak Bancshares' 8.375% Series A non-cumulative perpetual preferred, issued in August 2025, recently traded near $25.32-$25.40, a modest premium…
Bread Financial's Series A and B preferred stocks are trading near or slightly above their $25 par value, a rare pattern versus much of the preferred…
Truist Financial's 4% Series I non-cumulative preferred trades at $17.85, a 28.6% discount to par, yielding 6.84% even though the bank has had call…
EPR Properties' Series C convertible preferred trades at an 8.3% premium to par, a rarity against a REIT-preferred sector averaging a 14% discount, underscoring how conversion features price differently amid sector-wide weakness.
Innovative Industrial Properties' 9% Series A preferred stock (IIPR-P-A) trades near its $25 par value years after becoming callable, contrasting sharply with many preferreds trading at steep discounts to liquidation value.
Brookfield Infrastructure's 5.125% Series A preferred trades at a 29.7% discount to par, the widest gap in its peer group, despite being callable…
Bank of America's 4.125% Series PP preferred (BAC'P) trades at $16.07, a 35.7% discount to its $25 par value, despite being callable since February…
Huntington Bancshares' HBANZ preferred shares have begun paying a quarterly dividend of $0.344 per share, translating to a 7.19% yield, adding a new entrant to bank preferred income screens.
Charles Schwab's 5.95% Series D preferred stock trades at a 5.5% discount to its $25 par value, yielding 6.30%, while SCHW common shares fell 2.6% in a session marked by divergent moves across large-cap names.